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Quidnet Scout Executives LLP |
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Report of the Members and |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2021 |
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REGISTERED NUMBER:
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Quidnet Scout Executives LLP |
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Report of the Members and |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2021 |
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Quidnet Scout Executives LLP (Registered number: OC368401) |
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Contents of the Financial Statements |
for the year ended 31 December 2021 |
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General Information | 1 |
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Report of the Members | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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Quidnet Scout Executives LLP |
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General Information |
for the year ended 31 December 2021 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Aireside House |
Aireside Business Centre |
Royd Ings Avenue |
Keighley |
West Yorkshire |
BD21 4BZ |
Quidnet Scout Executives LLP (Registered number: OC368401) |
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Report of the Members |
for the year ended 31 December 2021 |
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The members present their report with the financial statements of the LLP for the year ended 31 December 2021. |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £2,023 (2020 - £1,050 loss). |
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MEMBERS' INTERESTS |
MEMBERS' REMUNERATION |
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Members are remunerated solely out of the profits of the LLP and are required to make their own provision for pensions. |
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MEMBERS' CAPITAL |
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The capital requirements, which all the members are required to subscribe to, are determined by the designated members. On retirement a member's capital is repaid at the value contributed. |
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Details of changes in members' capital in the year are detailed in note 4 to the financial statements. |
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MEMBERS' DRAWINGS AND ALLOCATION OF PROFIT |
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Usually the designated members set the level of interim profit allocations and members' monthly drawings after considering the working capital needs of the LLP. To the extent that interim profit allocations exceed drawings, then the excess profit is included in the balance sheet under loans and other debts due to members. Should drawings exceed the allocated profits, then the excess in included in debtors. The same treatment is used for members who retire during the year. |
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The final allocation of profits and distribution to members is made after assessing each member's contribution for the year and after the financial statements are approved. |
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As the LLP did not make any profits there have been no drawings. |
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ON BEHALF OF THE MEMBERS: |
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Quidnet Scout Executives LLP (Registered number: OC368401) |
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Income Statement |
for the year ended 31 December 2021 |
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31.12.21 | 31.12.20 |
£ | £ |
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TURNOVER |
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Administrative expenses | ( |
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OPERATING LOSS | ( |
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Income from fixed asset investments |
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PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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( |
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Quidnet Scout Executives LLP (Registered number: OC368401) |
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Balance Sheet |
31 December 2021 |
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31.12.21 | 31.12.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
8,311 |
6,288 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8,311 |
6,288 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8,311 | 6,288 |
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The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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Quidnet Scout Executives LLP (Registered number: OC368401) |
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Notes to the Financial Statements |
for the year ended 31 December 2021 |
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1. | STATUTORY INFORMATION |
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Quidnet Scout Executives LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Fixed asset investments |
Fixed Asset Investments are classified as fixed assets and are measured at market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit or loss for the period. Investments that can not be reliably valued are measured at costs, together with any additional consideration paid, less provision for impairment if required. |
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It is the members' opinion that the investment in the limited liability partnership can not be reliably measured and therefore it has been measured at cost, together with any additional consideration paid, less provision for impairment if required. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2021 |
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Disposals | ( |
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At 31 December 2021 |
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NET BOOK VALUE |
At 31 December 2021 |
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At 31 December 2020 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Other creditors |
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